Business interruption
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The firm reported record fee income of $128.2mn in 2024, up 26%. -
Novelty premiums will likely fade once investors are more comfortable with the risk.
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The company said $13bn-$22bn will come from wind damage.
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Earlier this week, RMS estimated insured losses for Helene and Milton at $35bn-$55bn.
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The figure does not include NFIP losses.
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Most of the estimated insured losses will be retained by insurers.
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Building better exposure datasets could draw a broader range of investors.
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The carrier estimates the total industry loss for the Microsoft/CrowdStrike outage at around $1bn-$2bn.
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The event could unpack issues around accumulation risk and cloud services.
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The biggest losses were from wind damage after the storm’s Texas landfall.
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CFO Dacey said ILS investors were not extrapolating too much emphasis from strong returns in 2023.
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The Magnitude-7.4 earthquake occurred early on 3 April.
